Bitcoin Forum

The news has become more and more clear that China will not tolerate exchanges.
This is alarming to the bitcoin community because we have long awaited for official government push back. Really it was just a matter of time.
It would have been better to have a smaller country that is less involved than China push back initially.

Your post seems to do nothing but help spread "FUD".
China's most recent "Ban" was targeting the implementation of an ICO, not them saying they "will not tolerate exchanges".

Why is China the only country that has an opinion worth caring about?

Btw, even if those news are true and China is taking actions, they will only regulate exchanges and not ban Bitcoin.

Even Charlie Lee - who spread today's rumor - said that China has nothing against Bitcoin in his twitter.

https://talkimg.com/images/2023/05/14/blobe73eb213f28dd712.png

charlie already deleted this post. and i think he made bad joke. i don't believe ban will be happen.

It seems like most long-term hodlers look at China bans as a buying opportunity...just sayin

This is spreading FUD.
Since years there are regular news that china bans bitcoin. It never turned to be true.
Its a FUD in pure form :>, i dont care if price will go up or down, but dont do this.

Based on what we know right now, the only confirmed news is China's banning of ICOs. If you want to read more about this news: https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

China's banning of exchanges are only rumors as of now. We haven't heard of official news from China about banning of exchanges. Most of the post you read online about China's banning of exchanges are fake news and only trying to spread FUD for various reasons. You should always wait for news from the main source only(Chinese Government).

P.S. Don't believe Charlie Lee's recent tweet either.

In the last few minutes, multiple sources including Litcoin founder Charlie Lee have confirmed a China ban.

However, this is a formal ban on Bitcoin exchanges, not crypto currency or bitcoin as a whole.

Crypto is decentralized and therefore attempting to ban it is almost impossible.

Banning exchanges however, will make it much more difficult for average Chinese citizens to purchase bitcoin.

❓Will this lead to the rise of the Alt coins or a month of profit crushing FUD?❓

☝️Our opinion is that due to the recent decline in prices, which were due to China FUD, the prices of most Alt's and Bitcoin already have this news priced in. The community is getting sick of China.

China like any other country will not tolerate illegal activities. it has nothing to do with bitcoin, it just happens that a service called "exchange" is doing illegal stuff which the Chinese government is trying to stop.

give me 1 example of the government ever pushing back bitcoin! i dare you!

so you just created this account to spread FUD? are you shorting bitcoin?

This is bullish longterm. We always needed regulation and integration with traditional systems. If you are a hodler you will benefit longterm. This could become a multi-trillion dollar industry.

China bans BTC every other week and it chugs along just fine. Don't overreact to this.

Big nothingburger event. Don't worrya bout it.

i think bitcoin are out control of government so that if china ban bitcoin it is not important things

Not completely true. BTC is indeed out of government control ( can't "manipulate" it directly ) ... but is proven that major bans and restrictions seriously affects the BTC price ... which is quite important thing.

The fact that China has banned ICO does not mean that they will cover and bitcoin, on the contrary they want to make it an alternative to the yuan, just control over it will be tougher.

They won't be "banned". Leading exchanges like Huobi, OKCOin and BTCC will probably be eligible to get some kind of a license when the government introduces its new rules of regulations and also after that we can expect some new exchanges to be introduced. We will see a change in volume from Asia but nothing we should be worried about.

BTCChina already announce that they will cease trading on Sep 30.  They are already trading at a huge discount at RMB 19K, which is less than USD3K.
https://twitter.com/YourBTCC/status/908285586368167936

bitcoin price down more than 1000$ after china ban now we see how can can really effect with this coin

In past, where china got 90% traffic of Bitcoin trade (it turns out it was fake traffic) this message would scare people, but now?
I don't get it why its so important.

China FUD is cool. It tanked BTC to $3k which is a great buy price.

Yes bitcoin can't be controlled but bitcoin exchanges can be and that's what it is being said and heard what China has decided to do and because of that bitcoin prices seem to have fallen to such low but I am pretty sure that the effect of China banning, regulating bitcoin exchanges etc on bitcoin prices is short lived and bitcoin will register an ATH soon

They only forbid ICO, but some people sell their bitcoin in bulk, in fact this is just panic, look any minute, bitcoin price will go to $ 10,000

I personally would be only happy if from this time, china gets out of bitcoin. Then we will have less dependent bitcoin :) A healthy bitcoin

I agreed with you! Chaina banning just a temporary action over the Bitcoin. Cause of China a big community, last couple of days FUD and finally some big exchange of China closing down all of these the main reason recent crush. Just hold very strong, bitcoin will go ATH.

As we all see the bitcoin is very strong and overcome the chinese ban decision. The trend is back to 3600$.

And I wouldn't be. We can't say China like it was one entity. The regulators are doing their best to make it safe for people to use exchanges, while the exchange owners are only thinking of making money, so they will try to stay afloat as long as possible. I'm also quite sure some people responsible for spreading these news are actively engaged in trading and becoming millionaires as we speak.

Government can not stop bitcoin so do not be worry.  Government only make the regulation to make investors are not invest in bitcoin. Bitcoin not only used in china but in around the world so bitcoin will be fine.

There could be another issue if China back out of bitcoin it means there is danger coming because it was China who initially started and supported bitcoin and due to which other countries got interested in and now if China is out it means other countries will have to rethink or other countries who have not yet decided to make it legal may too ban this in coming time.

The ban will be executed tomorrow.
They keep their exchanges trading back to Yuan, which is sealing their date of death.
They do so, because the Chinese government can't control or persecute cryptos.
Also they say it's missused for money laundering and sending money across the border.

Agree with you! Bitcoin is very uncomfortable for the Communists. But anyway in my opinion this all story about ban is only kind of game to lower the price of BTC. Time will show..

Due to the controversy between the USA and North Korea the btc price is rising.

Because there live many people in china it's foreigner can affect much things, also the price of bitcoin.

But you must keep in mind, that there's much more than china and the price will only go down temporarily as we could see 2 weeks ago.

That's why I don't fear china banning ico's and trading btc on exchanges.

where do you get the information about the bitcoin price increase because of USA and North korea controversy ? lol

It's more then "FUD".

At this point I can't really use my 1000 in bitcoins for day to day commerce.   For almost everything  I need on a day to day basis, food, fuel, electric power, paying my property tax, buying a car, I can't us bitcoin.   I am forced into an exchange to get my local fiat.  That may change at some point but I have no idea when.  

Just like crocodiles  who wait just under the surface of the river for some other animal to come to drink, governments can and will attack the exchanges were people will come to drink.  Governments are a lot worse then crocodiles.  In the US, banks and stock brokers are required by law to send a 1099 which reports profit/loses.  If you think for 1 second governments are not going to do the same with bitcoin, you are mistaken.  It's only a matter of when the cash flow becomes large enough to make it worth their time.

Until the day when I can buy all of my needed, goods and services with a send function from my bitcoin wallet this subject is anything but Fear Uncertainty and Doubt.  It's a real as any other risk we face.  Government can't stop black markets and that may be the only home for cryptocurrency.

I completely disagree,   events in North Korea have no effect on bitcoin.  North Korea couldn't grow weeds if they dispatched 1 million people to plant them.

They are working in underground. We don't need to worry about this ban. Chinese guys will keep going in this way. They can not live without it.

I see this article today 30-9-2017 After reading I have some questions for you. China has banned the ico in their own country and closed down a number of small trading floors but that now has little effect on copper bitcoin as their trader has moved all the way to Japan to invest. So now there is no need to worry as China bans a series of trading floors  :)